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Highlights

Key Factors

Durable goods orders declined 2.2% in May. That was revised down from a 1.8% decline in the advance report. Durable goods declined 1.7% in April.

The entire decline in durable goods was the result of continued weakness in the transportation sector. Those orders declined 6.5% in May after declining 4.0% in April.

Excluding transportation, durable goods orders were flat in May, down from an originally reported 0.5% gain.

Nondurable goods orders rose 0.2% in May after increasing 0.3% in April. Most of that gain was the result of higher petroleum prices, which helped push up total orders at petroleum refineries by 2.2%.

Orders of nondefense capital goods excluding aircraft were revised down from an originally reported 0.4% gain to a 0.4% decline. Shipments, which factor into GDP calculations, declined 0.1% in May, down from an originally reported 0.3% gain.